Business
Director/PDMR Shareholding
Braemar Plc announced that on April 17, 2026, Group Chief Executive Officer James Gundy exercised 218,750 nil cost options granted under the Company's Long Term Incentive Plan. These options, granted in 2020, vested after performance conditions were met. To cover tax liabilities, Gundy sold 103,088 shares at £2.202792 each, retaining 115,662 shares. Following these transactions, Gundy's total shareholding is 1,139,695, representing 3.4% of the company's issued share capital. No new ordinary shares were issued as the exercise was satisfied by existing shares held in the employee share ownership plan. Disclaimer*
About this update from Braemar Plc
20 April 2026 BRAEMAR PLC ("Braemar" the "Company") PDMR Share Dealing Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets , announces that on 17 April 2026, James Gundy, Group Chief Executive Officer, exercised 218,750 nil cost options ("Options") granted under the Company's Long Term Incentive Plan ("LTIP") as set out below: LTIP award grant date Vesting date Two-year holding period end date Number of Options exercised 24 July 2020 24 July 2023 24 July 2025 218,750 The 2020 LTIP award vested following the assessment of the applicable performance conditions which were disclosed in the 2023 remuneration report (page 83), this report is available on the Company's website at Financial Reports - Braemar . The exercise of the Options under the LTIP, has been satisfied through the allocation of existing ordinary shares held by the Braemar Employee Share Ownership Plan; as such, no new ordinary shares have been issued. In order to cover tax and national insurance liabilities arising from the exercise of the Options, James Gundy sold 103,088 shares on 17 April 2026 and retained the balance of 115,662 shares. Following the above transactions, James Gundy's total shareholding is now 1,139,695 (being 3.4% of the Company's issued share capital). The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. For further information, contact: Braemar Plc Tel: +44 (0)20 3142 4100 James Gundy, Group Chief Executive Officer Grant Foley, Group Chief Financial & Operating Officer Rebecca-Joy Wekwete, Company Secretary Houston Tel: +44 (0)20 4529 0549 Kate Hoare / Charlie Barker / Polly Clarke Tel: +44 (0)77 3303 2695 [email protected] Canaccord Genuity Tel: +44 (0) 20 7523 8000 Adam James / Harry Rees Details of the person discharging managerial responsibilities / person closely associated Name James Gundy Reason for the notification Position/status Group Chief Executive Officer Initial notification /Amendment Initial Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Braemar Plc LEI 213800EV6IKTTHJ83C19 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. Description of the financial instrument, type of instrument Ordinary shares of 10 pence each Identification code GB0000600931 Nature of the transaction Exercise of Options granted under the Company's LTIP in 2020 Price(s) and volume(s) Price: £0.00 Volume: 218,750 Aggregated information - Price - Aggregated volume Price: £ 0.00 Volume: 218,750 Date of the transaction 17 April 2026 Place of the transaction Exercise of Options occurred outside a trading venue Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. Description of the financial instrument, type of instrument Ordinary shares of 10 pence each Identification code GB0000600931 Nature of the transaction Sale of shares to cover tax and national insurance following exercise of Options granted under the Company's LTIP in 2020 Price(s) and volume(s) Price: £2.202792 Volume: 103,088 Aggregated information - Price - Aggregated volume Price: £227,081.42 Volume: 103,088 Date of the transaction 17 April 2026 Place of the transaction London Stock Exchange ( XLON) Notes to Editors: About Braemar Plc Braemar provides expert investment, chartering, and risk management advice to the shipping and energy markets that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture. Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS. For more information, including our investor presentation, visit www.Braemar.com and follow Braemar on LinkedIn .